ACEN Corp. Chief Executive Officer (CEO) Eric Francia has dismissed speculation that parent company Ayala Corp. is seeking to divest its stake in the renewable energy producer, rebuffing reports that Japanese and Canadian investors are circling the firm. Speaking to reporters following the...
The Philippine Chamber of Commerce and Industry (PCCI), the country’s largest business group, is backing the Department of Energy’s (DOE) proposal to lift the moratorium on new coal-fired power plants, describing the move as a pragmatic necessity to safeguard energy security and industrial...
Manila Electric Co. (Meralco) customers will receive a reprieve on their electricity bills starting next month after the Energy Regulatory Commission (ERC) ordered the utility to accelerate the multibillion-peso refund to insulate households from global energy volatility. In a statement on...
Jollibee Foods Corp. has achieved a first for the Philippine quick-service restaurant industry, securing a green building certification for its Tuguegarao City branch as the fast-food giant accelerates its push toward operational sustainability. In a statement, Jollibee said its Enrile branch in...
The Philippines and Slovenia are strengthening efforts to build a long-term partnership in energy security, leveraging science, technology, and innovation to develop resilient and cost-effective energy systems. The initiative was highlighted during the “Science2Business: Energy Resilience for...
TACLOBAN CITY – To conserve energy amid the conflict in the Middle East, MacArthur, Leyte Mayor Rudin Babante issued an executive order adopting Presidential Order 110, declaring a national energy emergency and prescribing energy conservation measures within the municipality. Executive Order 3...
The Department of Science and Technology (DOST) said it is boosting initiatives to roll out solar-powered and renewable energy solutions for farmers and drivers following the adverse effects of the Middle East conflict on the supply and price of petroleum products in the country. In the...
Senate President Pro Tempore Panfilo “Ping” Lacson on Tuesday, April 21 expressed support to the Department of Energy’s (DOE) move to mandate fuel price adjustments, calling it a far better move than leaving the price modifications to the oil firms. Lacson pointed this out saying such...
Philippine economic growth in 2026 would have hit the government’s downgraded target range had the war in the Middle East been short-lived, according to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP). However, the Bangkok-headquartered UNESCAP said a...
Expanding beyond agriculture, the Department of Science and Technology (DOST) is rolling out solar energy applications in transport and other sectors to reduce reliance on imported fuel. In an interview, DOST Secretary Renato Solidum Jr. said the agency is pursuing multiple programs that integrate...
Stalling public investments, compounded by vulnerability to the escalating impacts of the ongoing global energy shock, prompted global debt watcher Fitch Ratings to downgrade its outlook on the Philippines’ investment-grade status from ‘stable’ to ‘negative.’ This shift in outlook places...
The Marcos administration is weighing the reversal of the government’s restrictive coal policy as the country grapples with the dual pressures of surging summer demand and volatile global energy prices. Energy Secretary Sharon Garin told reporters on Monday, April 20, that the Department of...
